Argentina gets Brazil’s support, but not much more

On May 4, Latin Finance published a commentary by Cefeidas Group’s Managing Director, Juan Cruz Díaz. In the article, he commented on the strong political support that Brazilian President Lula provided to the Fernandez administration. He highlighted how this support could potentially aid Argentina in its negotiations with the IMF by advocating for a more flexible loan program in international forums. Also, he added that this won’t be enough to calm the local financial markets and a flight to dollars. “Argentina is suffering from dire financial stress”

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